EarningsQ2 2026 Earnings Report

Bel Fuse Inc (BF2B) Q2 2026 Earnings Report

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Previous Report: Q1 2026

DE:BF2B Q2 2026 EPS Results

Actual EPS€2.58

Consensus EPS€2.14

Beat/MissBeat by +€0.45

One Year Ago EPS€1.49

DE:BF2B Q2 2026 Revenue Results

Actual Revenue€187.59M

Expected Revenue€183.83M

Beat/MissBeat by +€3.76M

YoY Revenue Growth+25.18%

Earnings Announcement Details

QuarterQ2 2026

Date07/29/2026

TimeAfter Close

Conference CallWednesday, July 29, 2026

DE:BF2B Upcoming Earnings

Bel Fuse Inc's next earnings date is estimated for October 28, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

DE:BF2B Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveys strong operational momentum: double-digit revenue growth, margin expansion, significant liquidity improvement and strategic wins (Slovakia certification and multiple defense wins, data solutions/HPC ramp). Offsetting risks include FX and material cost pressures, elevated working capital and near-term cash-conversion challenges, plus contingent Enercon-related payments. Management provided constructive near-term guidance and emphasized continued commercial investment and discipline on M&A.

Company Guidance

Management guided Q3 sales of $205–$225 million and gross margin of 39–41%, citing continued sequential growth led by defense, data solutions and stronger component demand through distribution; this follows Q2 results of $210.7M revenue, 39.9% gross margin, $48.9M adjusted EBITDA (23.2% margin), ADRS revenue $111M (+20.6%) including defense $66.5M (+28.4%), ITDS $100M (+31.1%) including data solutions $58M (+55% / +$20.7M), and highlights of a $306.1M cash balance (vs. $57.8M at 12/31) after a ~1.7M share equity raise that generated ~$440M net proceeds and full debt repayment of $197.5M; management said pricing actions taken earlier in 2026 should begin to help in Q3/Q4, FX headwinds have stabilized, H1 capex was $4.9M with slightly higher CapEx expected in H2, SG&A is expected to run ~$34–35M/quarter, working capital was deliberately built (A/R +$32M, inventory +$32M, A/P +$33M), book-to-bill has exceeded 1 for six consecutive quarters, and recent Slovakia A&D certification plus eight European defense wins are expected to monetize in the latter part of 2027.

Strong Top-Line Growth

Q2 revenue of $210.7M, up 25% year-over-year, marking the sixth consecutive quarter where bookings exceeded sales and broad-based growth across end markets.

Improved Profitability

Gross margin expanded to 39.9% (up 120 bps YoY). Adjusted EBITDA rose to $48.9M (up ~39% YoY) with adjusted EBITDA margin improving to 23.2% from 20.9% a year ago.

Segment Strength — ADRS and Defense

ADRS revenue was $111M (up $18.6M or 20.6% YoY). Defense sales were $66.5M, up 28.4% YoY. Slovakia facility gained European defense certification and recorded eight new European defense project wins.

Segment Strength — ITDS and Data Solutions

ITDS revenue was $100M (up $23.8M or 31.1% YoY). Data solutions grew to ~$58M, up $20.7M or 55% YoY (includes $4.4M contribution from the March dataMate acquisition). ITDS gross margin improved 220 bps to 38.8% YoY.

Material Balance Sheet Improvements and Liquidity

Completed equity raise (~1.7M shares) generating net proceeds of ~$440M; cash and securities at $306.1M (up from $57.8M at Dec 31). Fully repaid $197.5M of debt; no outstanding debt at June 30, improving financial flexibility.

Positive Near-Term Outlook and Bookings Momentum

Management guided Q3 sales of $205–$225M and gross margin of 39–41%. Book-to-bill positive for six consecutive quarters; distribution channel demand at highest level since mid-2022 and HPC program ramps underway.

DE:BF2B Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 28, 2026	2026 (Q3)	2.42 / -	1.861	―
Jul 29, 2026	2026 (Q2)	2.14 / 2.58	1.487	73.65% (+1.10)
Apr 29, 2026	2026 (Q1)	1.50 / 1.61	1.202	34.07% (+0.41)
Feb 19, 2026	2025 (Q4)	1.48 / 1.76	1.362	29.41% (+0.40)
Oct 29, 2025	2025 (Q3)	1.52 / 1.86	0.881	111.11% (+0.98)
Jul 24, 2025	2025 (Q2)	1.15 / 1.49	1.371	8.44% (+0.12)
Apr 24, 2025	2025 (Q1)	0.99 / 1.20	1.122	7.14% (+0.08)
Feb 18, 2025	2024 (Q4)	0.72 / 1.36	1.22	11.68% (+0.14)
Oct 23, 2024	2024 (Q3)	0.66 / 0.88	1.496	-41.07% (-0.61)
Jul 24, 2024	2024 (Q2)	0.77 / 1.37	1.772	-22.61% (-0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed